Country: Asia Pacific Page 348 / 517
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- November 27 2019
Axis pegs Hagibis losses at US$90m to US$110m
The specialist player has around 1% of the market costs of the storm.
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- November 27 2019
IAG’s Phuong Ly to join QBE as chief underwriting officer
Ly is set to join the QBE team in February 2020.
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- November 27 2019
Munich Re promotes Nicolas Carro to Australasia L&H CEO
The reinsurer's Australasia CFO will take up the role in the new year.
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- November 26 2019
Chubb signs off 15.3% further stake purchase of Huatai
The US insurer bought the stake, along with another 7.1% to come later, for a reported US$1.53bn.
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- November 26 2019
Philippines secures two Singapore-listed cat bonds
They will cover US$75m from quake losses and US$150m from tropical cyclones.
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- November 26 2019
Tower in US$45m dispute with Earthquake Commission
The New Zealand P&C player has a disagreement over the allocation of property damage.
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- November 25 2019
MS Amlin hit won’t dampen MS&AD’s overseas growth
A reorganisation of its international arm is aiming to streamline decision making.
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- November 25 2019
Indonesia unveils US$770m nat cat protection programme
The government has struck a deal with 56 re/insurers in a move to privatise catastrophe risk.
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- November 25 2019
Australia releases aid as bushfire claims hit US$100m
A community recovery package includes grants for SMEs and farmers.
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- November 25 2019
ANZ and Westpac are latest bank majors to be hit with CCI lawsuits
Class action suits follow NAB’s settlement of US$33.7m over junk insurance policies.
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- November 22 2019
Ng Keng Hooi to leave AIA; Ping An exec to succeed
Ping An's Lee Yuan Siong to become AIA's group CEO next year.
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- November 22 2019
Chubb ups stake in China’s Huatai: report
The US insurer is another step closer to gaining control.
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- November 22 2019
Fubon Life eyes US$500m Alibaba investment
The investment would be the Taiwan life giant's second in the Chinese e-commerce player.
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- November 22 2019
Aspen Re confirms Lloyd’s China office closure
The reinsurer is streamlining its operations under CEO Mark Cloutier.
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- November 21 2019
Beazley appoints Asia Pacific M&A underwriter
Jade Cummings joins from McAfee and is to underwrite regional risks.
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- November 21 2019
Catastrophic bushfires spread to south Australia
The severe bushfire season has intensified and summer hasn't even begun.
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- November 21 2019
IAG buys motor repair specialist
The Australian giant's move should help speed up claims.
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- November 21 2019
3 Japan majors face US$8bn combined typhoon bill
S&P estimates the total payout from typhoons Faxai and Hagibis could reach US$18bn.
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- November 21 2019
Aviva agrees stake sale in Hong Kong’s Blue
The UK insurer will exit the JV and is in talks over its Indonesia and Vietnam operations.
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- November 20 2019
Is Lloyd’s 20th year in Singapore a turning point?
Market sentiment at SIRC 2019 shows collaboration and growth on the agenda.
